Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 7 May 1880, Page 3

pKOSPECTtM3 CF THE . - INAFGAHUA LOW LEVEL TUNNEL GOLD \ MIMiSG COMPANY, liIMITEp, BEElflfeff. CAPITAL .... I £12,000 , In 24000 Shares, if 10s. E«3b. To be Eeg'ister&d tower the PsoytsioiT* OF " THB MnJlNffjCoMPAaißs' ACT*, 1872." 1 ' O'alh limited to One Itenny per Month, '- with a deposit of Two Bencejver Swre ffij, Appliccfyion t PROVISIONAL AIIiBOTOES. ' Robert Oxley Patlio* Bmbwa* John Tbennery Gucfeeus' Whb William Gardner Qnifiiißs Fbipeb JiME-i CoNNOLMT' JR. *!• GtfiLTNE P. Q Caplks . / Mai hew Byrne FBANK HAM-ILTOSr JosiPH KILGOUB ? Bankers : -BANK OF NEW SEALVND. Solicitc r : JAMES LY.VCH, E^, j SeceetariT : - HENEY GEO. A AffKIN. y. 4 1 OBJECTS OF t HE COMPANY. In submitting the protosed undertaking , for the approval of the (Amend public, and more especially the inpabitants of the 1 district, whoge interest Wi*t neoessnrily be , directly beneßted by the kaputeb given to a further development of tha hidden wmilth of tbe ffrld, and as a ,Bequ<joce the increased circulation of capital locAly, the projectors Have every confidence in ks sqccessful issue in the firair place linay be attributed largo degree to tie widely expressed opinions of a variety of .etperts — first among whom may be mentioned] the name of Dr. Hector, Government Minprologist, &c. who says, that" the constru 'tion of suuh a tunnel e<nnot fai\ to intersect nimerou- golden and other valuable metallic lofli's ; the local rain* eroloaical products of jhe neighbourhood fully justifying the assumption of ilvir exstence in well-defined snrata at » depth obtainable by the proposed suheme," Secondly : By the immeasurably eaLerioi!' advantages of profitably working inanjj 1if163 of reef now in aheyance by leason ot thje cxceptionallv high rates attending ihe production of otherwise payable stono by companies ot limited capital j thirdly— rom the fact (of the Government recognieing ■" at the instance and recomn mendatton of their En«injeers " the impoi tance and value of the work, ap a means to a great public good, by guarantying a subsidy ol £ for £ of capital subscriped by the public— fiicts that may be generally accepted as stiong elements in support of Jthe 1/ona fides, and decided ultimate .succets ot the venture, in addition to which, a fujtber and liberal con» cession has been made inkranting the company right to §00 feet in widtn on either side of the entire lengtji of the proaosed tunnel outside of vested. interests, and is nine distinct and separate lines of gold-cearing reef traverse the company's claim at f right angle, or thereabouts, apart from any others not visible, which by- reasonable inference may be met witft, •'' it '.' may be fairljr characterized as aj highly promising speculation. A still further addition to the anticipated profits is represented by a tariff on ha ilage for other com« pan res, estimated at, t ty, 10 per cent over working expenee^. There is a distance »f three-quarters of a mile 6f'UßOcoapied lai d from the starting point, through which leyaral of the known lines ofteet traverse. Th* company propose to drive a tunnel from the right to the left ba»d brunch of the Inangahua fiver, a through distance of some two and t^-half miles, and thereby intersecting a perfect cetwo»k ot gold-bearing reef? ; a number of which hava been partially worked on the surface on\y, but with payable reI suits, which, on the, txtension of tbe pros posed tunnel would fief at once turned to profitable account, as joany of them would be tapped &t depths ranging from 1500 feet downwards from the outcrops, ensuring an unlimited supply of gol| bearing stone, which by a thus reduced cost jpf production cannot, in the opinion of the projectors, fail to leave a very handsome margin of profit, The Golden Fleece Extended Gold Mm I ing Company, whose leaie is on the proposed j line, are at present railing stone from the j low level, 700 feet belo* tbe outcrop, giving I the handsome return of two ounces to the ■fcri^which. is the best yJt obtained from the may be accented as indicative ot of a verl prevalent opinion tbe richness of oiir quartz lodes inwith their depth.'j maximum of Callji will be One Fenny per month, this affording an opto all classes lof participating in by the limit&tiou of liability to j^^A. lifteen-ihead stamper battery is erected 1 immediately contiguous to the tunnel's mouth, available for oi ashing any stone obtained. : As a mining speculator , it pre ents direct and prospective advant iges seldom met with in kindred ventures, is illustrated by the combination referred to, and still further by recent statistics furnished to the New 55« a» land Government, showint that 108,188ozs. of gold, tbe yield of 156,892 tons, representing an average of 13 dwta 19 grs., or nearly 14 dwts per ton have bein obtained by the various company's that have been, and are at work on tbe lines of reef aroposed to be intersected. Taking tbe mjmey value per ton £2 12i Bd,ji clear profit ou£l ss. per ton can be securedifallowing the cost of production to be divided thus^-crushingl by wa er power, ss. per ton ; cost of raising stone, 10s 6d, per ton ; wear, tear, management, and contingencies, 12s 6d. Total, £\ 7s Bd, leaving a balance of £1 53 to be divijied as profit. In conclusion, the projectors with every confidence assert that a moie genuine mining venture, and, one possessing the same elements to achieve success has seldom, if ever, been put on the market. I PROSPECTUS AND\ FORMS OF APPLICATIONS FOR SHARES TO BE OBTAINED FROM THE UNDERSIGNED, HENRY GEa HANKIN, Secretary r. OHAKLEB H, K AWARDS, STOREKEEPER j Black's Point. GOODS PACKED TO ALL PARTS OP THE DIRICf. '